SIX SIS Launches in Brazilian Market
SIX SIS will be extending its settlement and custody services to cover the Brazilian market, effective 1 March 2010. From this date, clients will be able to settle and hold Brazilian securities in the Brazilian market via SIX SIS’ local custodian Citibank in Sao Paulo.
The launch of the Brazilian market reflects SIX SIS’ commitment to be a strong and competitive partner, providing its clients with the tools and capabilities necessary to execute their strategies.
Thomas Zeeb, chief executive officer (CEO) of the securities services division, SIX Group, said: “We are delighted to announce this new addition to our network of international custody services. With over CHF 1 trillion of assets in custody outside of Switzerland, this expansion underscores our continuing commitment to the increasing demands of our clients as they further internationalise their business.”